Tag: Fertilizers

SQM Strikes Lithium Deal With State-Run Miner Codelco
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
SQM Strikes Lithium Deal With State-Run Miner Codelco
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Stocks Sink After Being Yanked by Powell Comments
Money

Stocks Sink After Being Yanked by Powell Comments

Stocks ultimately sank Thursday after being whipsawed by remarks from Federal Reserve Chair Jerome Powell.Powell’s comments jostled markets as investors were weighing bond yields’ ascent toward 5%, the continuing conflict between Israel and Hamas, and the influx of corporate earnings results from the third quarter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8